Personal Property Appraisals: What's it Worth?
We provide Valuation Services and USPAP-Compliant Appraisal Services for Assets
Need to know what it's worth? Whether you need a value for insurance, to settle an estate, or any other reason, we can help.
Value is always relative to other factors. The most important question that leads to value is "why do you want to know?"
The value for your insurance company to replace items might be very different than the value if you're just thinking about selling the asset. The IRS has it's own requirements and definitions of value. Divorce courts have theirs too. And what about the value of something used as collateral? That will have a different value too.
Our team of Graduate and Master Appraisers will guide you through the complex variables involved to arrive at a well-researched value opinion. Values that we can justify and defend. All of our reports are USPAP* Compliant. In fact, we teach USPAP across the country.
Need to know what it's worth? Call us, we can help you figure it out.
- Household and Estate Appraisals
- Small Business Appraisals
- Machinery and Equipment Appraisals
- Decorative and Collectable Arts
- ...Regardless of your needs, we can help.
Our Appraisers have completed training and earned the Graduate Personal Property Appraiser (GPPA) designation through the National Auctioneers Association (NAA). This is a hands-on course requiring our appraisers to complete a variety of asset valuations while under the supervision of master appraisers. Our Appraisers have all taken and passed a USPAP (Uniform Standards of Professional Appraisal Practices) course and examination. To earn their designations, they had to complete a variety of appraisals and submit them for peer review.
Our lead appraiser, Rich Schur, has not only completed the GPPA program, but he has been awarded his Master Personal Property Appraiser (MPPA) designation in recognition of his skills. In fact, he is one of only 2 Auctioneer/Appraisers to teach the GPPA course to appraisers across the country. He also has earned his Certified Machinery and Equipment Appraiser (CMEA) designation. He is the only appraiser to earn both the CMEA and the MPPA designations.
If you want to rely on your final appraisal, and rest assured that it will stand up to scrutiny, make sure your appraiser is 100% USPAP compliant. Though not required by law, it is required by many government agencies including the IRS, insurance companies, financial institutions, and others require compliance. USPAP is the rulebook by which all appraisers shield be practicing their trade.
Our GPPA and MPPA appraisers are recognized professionals and strive to deliver the most accurate appraisals possible.
Our CMEA Appraisers are certified by the Nebb Institute.
We subscribe to the principles of the "Code of Ethics & Competency” Appraiser Awareness Program is to protect the public from unsubstantiated or questionable machinery and equipment appraisals. Our seal serves to alert the public to the documentation we know is necessary to prove that an appraiser is competent. This assures an appraisal will be substantiated, accurate, irrefutable, defensible, and will withstand scrutiny.
If a machinery and equipment appraiser doesn’t meet these standards, your best option is to continue to look for an appraiser that does!
Do You Need An Equipment Appraisal?
If you can answer “YES” to any of the following business situations, you absolutely need an independent third party appraisal. Do you need an appraisal for...?
- Buy/Sell Agreement
- Estate Plannings
- 1031 Exchanges
- Trust Agreements
- Tax Purposes
- Business Valuations
- SBA Loans
- Insurable Value
- Property Taxes
- Retirement Planning
- Cost Segregation
If you have questions about the appriasla process, or simply want to know what something might be worth, call our office at (719) 667-1000 and ask to speak with one of our professional appraisers.